NEW YORK ( TheStreet) -- Metropolitan Health Networks (NYSE: MDF) hit a new 52-week high Thursday as it is currently trading at $8.53, above its previous 52-week high of $8.52 with 164,214 shares traded as of 10:59 a.m. ET. Average volume has been 364,400 shares over the past 30 days. Metropolitan Health has a market cap of $362.2 million and is part of the health care sector and health services industry. Shares are up 11.4% year to date as of the close of trading on Wednesday. Metropolitan Health Networks, Inc., through its subsidiary, Metcare of Florida, Inc., operates provider services network (PSN) in the United States. The company has a P/E ratio of 12.9, below the average health services industry P/E ratio of 13.6 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Metropolitan Health as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Metropolitan Health Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.